Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
ETFs will move from a fixed NAV-based pricing framework to revised base-price and price-band norms. For Equity and non-overnight Debt ETFs, the base price will initially be the T-1 day closing price, with dynamic bands starting at 10% and flexing in 5% steps up to 20% after cooling-off periods; Overnight and Liquid ETFs will retain a fixed 5% band. Commodity ETFs (Gold/Silver) will have dynamic bands starting at 6%, with staged relaxation and no cap on flexing in exceptional market conditions. Close-out pricing is revised for Overnight and Liquid ETFs, and Commodity ETFs will have a pre-open call auction to improve price discovery. The circular applies from 1 September 2026.
ETFs will move from a fixed NAV-based pricing framework to revised base-price and price-band norms. For Equity and non-overnight Debt ETFs, the base price will initially be the T-1 day closing price, with dynamic bands starting at 10% and flexing in 5% steps up to 20% after cooling-off periods; Overnight and Liquid ETFs will retain a fixed 5% band. Commodity ETFs (Gold/Silver) will have dynamic bands starting at 6%, with staged relaxation and no cap on flexing in exceptional market conditions. Close-out pricing is revised for Overnight and Liquid ETFs, and Commodity ETFs will have a pre-open call auction to improve price discovery. The circular applies from 1 September 2026.
Note: It is a system-generated summary and is for quick reference only.
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